Direct costs give you the best idea of where you are with a project.
Direct costs, or those costs associated with specific work to put in place, allow you to measure actual performance against your estimates. Typical direct costs include labor wages and related payroll taxes fringe benefits, including work compensation, liability insurance, vacation, and sick time. They also include material costs incorporated into the job, subcontractor costs, and charges for specific contract fees and assessments including tax, freight, and storage. This video reviews the typical direct costs of a construction project and how direct costs work into the construction circle.
Theran J. Welsh, CPA
- Playmaker, LLC
- Focus is on helping contractors create shareholder value by understanding their cost structure to bid and win profitable work and ensure their tax structure is a model to support a sustainable organization
- He spends time with contractors to identify options for revenue reporting to reduce tax liability and identify industry-specific tax strategies to reduce tax liability, with the end goal of creating shareholder value
- His experience will help executives of construction companies identify the key performance measurements to pursue profitable work to sustain their organization
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.